Colorado Enterprise Fund (CEF)is not a bank. They utilize basic lending guidelines when reviewing a loan application but the difference is that we are more flexible than traditional banks and we review all aspects of your request in the decision making process. CEF reviews all aspects of your request in our decision making process. Eligibility – CEF lends to businesses anywhere in the State of Colorado. – Liquor stores, bars and certain other businesses are not eligible. (Real estate development and investment oriented businesses are ineligible) – Loan funds may not be used for owner’s salaries, personal expenses, delinquent taxes and certain other purposes. LOAN TERMS – Loan amounts range from $1,000 to $250,000 – Current interest rates range from 9% to 14% per year – Loans may be amortized up to 7 years or longer in some cases – Fees may include the following: •Loan application fee of $25 per owner or cosigner – Commitment fee between 1.5% to 5% – $100 per year business advisory services fee and other fees for document recording, etc.